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Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Experts believe that the used car market is starting to improve, with CarMax's sales and profit estimates topping expectations. The company's online operations are strong and its inventory is building, unlike its peers. Prices are stabilizing and could continue to rise, which will benefit CarMax. Despite a decrease in used car units, the company is expected to report a pickup in business. However, experts have also noted that the cost of financing a car has doubled from a year ago, which could impact CarMax's performance.

Consensus
Improving
Valuation
Fair Value
BUY
CarMax

The used car market will improve, especially if interest rates are indeed peaking as many feel.

Automotive
BUY
CarMax

Their quarter topped sales and profit estimates. Fantastic. It's what she's been waiting for. Used car units are down 10%, but a quarter ago they were down 20%. Shares have been rising since March but peaked at $155 in 2021 and today trades at $85. Carmax's inventory has been building, unlike their peers, while their online operations are strong. Prices are stabilizing and let's see if that continues, up 1% YOY and 4% during the quarter. This trend will help Carmax. 

Automotive
BUY
CarMax

They report tomorrow. Used cars were in recession last year because there were few new cars, so people kept their existing cars. Now, there are more used cars while prices are holding or starting to rise. She expects them to say business is picking up. She's happy with it.

Automotive
BUY
CarMax

Up 40% since March, but -50% from its peak. The used car market is starting to improve. Starting to see an uptrend with this stock.

Automotive
BUY
CarMax

The used car market will pick up because people are buying new cars.

Automotive
DON'T BUY
CarMax

Carmax reports Tuesday. You can't expect them to do well with the cost of financing a car doubling from a year ago, though business should remain good.

Automotive
DON'T BUY
CarMax
They report Thursday. They're in a troubled industry.
Automotive
DON'T BUY
CarMax
They have peaked. He's avoiding all used car stocks.
Automotive
COMMENT
CarMax

To play the used car market in the U.S. Has looked at Carvana, but doesn't know CarMax well. They have a digital online presence to attract customers, and they offer guarantees for their cars. They project high-single-digit growth, but the PE is not cheap. He's not totally against buying KMX, but slightly prefers Carvana.

Automotive
DON'T BUY
CarMax

They report Friday. Used cars are booming, because carmakers like GM are stuck with the semiconductor shortage. He doubts Carmax will say that used cars are more plentiful, though. This stock could be tough.

Automotive
BUY
CarMax
Many believe used cars are peaking now, but he disagrees. Don't sell this, but buy it.
Automotive
BUY
CarMax
It reports Thursday and he expects a blow-out report. They sell used cars. Carmakers can't make new cars because of the ongoing semiconductor shortage. So, the used car market is soaking up demand.
Automotive
BUY
CarMax
A tailwind is the current trend of people moving out of the city into the suburbs and country as the homebuilding sector rallies. Another is the fear of people using public transit during Covid.
Automotive
DON'T BUY
CarMax

Recent quarterly results showed they generated on an annualized basis about $1 million pre-tax which gives an extreme multiple of 4 X the market multiple. In electronics and selling in the niche markets with a high infrastucture cost base.

Automotive
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CarMax(KMX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 6

Stockchase rating for CarMax is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

CarMax(KMX-N) Frequently Asked Questions

What is CarMax stock symbol?

CarMax is a American stock, trading under the symbol KMX-N on the New York Stock Exchange (KMX). It is usually referred to as NYSE:KMX or KMX-N

Is CarMax a buy or a sell?

In the last year, 6 stock analysts published opinions about KMX-N. 5 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CarMax.

Is CarMax a good investment or a top pick?

CarMax was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for CarMax.

Why is CarMax stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is CarMax worth watching?

6 stock analysts on Stockchase covered CarMax In the last year. It is a trending stock that is worth watching.

What is CarMax stock price?

On 2024-02-20, CarMax (KMX-N) stock closed at a price of $70.66.